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TraderRich

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TraderRich

Re: None

Wednesday, 06/11/2008 10:45:24 AM

Wednesday, June 11, 2008 10:45:24 AM

Post# of 15247
U.S. crude supply drops for a fourth week

By Myra P. Saefong
Last update: 10:40 a.m. EDT June 11, 2008
SAN FRANCISCO (MarketWatch) -- Crude supplies dropped by 4.6 million barrels to 302.2 million for the week ended June 6, according to the Energy Department Wednesday. They've fallen a total of almost 24 million in four weeks. Motor gasoline supplies rose 1 million barrels to 210.1 million barrels. Distillate stocks were up 2.3 million barrels at 114 million barrels. Refinery utilization was at 88.6% compared with 89.7% of capacity a week earlier. Following the news, July crude was last up $3.39 at $134.70 a barrel.

Unless otherwise stated, any and all information I post is my opinion which is subject to change. I accept no responsibility for anyone who chooses to take any action based upon anything I post.

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